SEEDGov
September 2, 2025, 10:08pm
24
We would like to inform the community that we have voted in favor of the GLI — Treasury delegation Round 2 proposal for the following reasons, as expressed in our delegation thread:
We are voting in favor of this proposal, consistent with our opinion shared during the debate and with our position on a similar previous proposal . While we acknowledge that this is not the ideal solution to the quorum challenge the DAO is facing, we believe it is a necessary measure under the current circumstances. It does not generate any negative effects and can be deprecated once the underlying issue is resolved.
That said, we want to reiterate our opposition to selecting delegates for treasury delegation through a DAO vote, as this favors popular delegates and incentivizes harmful practices such as collusion or cartelization among delegates to vote for themselves. We believe that delegates should instead be ranked based on participation ratios, which is an objective criterion that allocates VP to the most active delegates. We hope this adjustment will be made in the onchain vote.
And we have voted against the GLI — Incentivized Delegation Vaults proposal for the following reasons, which we have already outlined in this debate:
We are voting against this proposal, consistent with the opinion we expressed during the debate . We believe that this initiative will eventually overlap and compete with UVN , currently under development by Uniswap on Unichain, in its effort to attract UNI. This could create an undesired competition in APY to attract UNI. In our view, a smaller-scale 6-month pilot program with a significantly lower budget would have been more appropriate, allowing for renewal every 6 months until the launch of UVN.
Additionally, we want to reiterate our concern regarding a potential conflict of interest between a member of the UAC and the company proposed to develop the IDV system. We do not consider it healthy governance practice for one individual to hold two opposing roles—both evaluating the delivery of a product and authorizing payments to a service provider with which they are directly affiliated.
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